Genworth Financial (GNW) Sees Unusually-High Trading Volume

Genworth Financial Inc (NYSE:GNW) shares saw an uptick in trading volume on Friday . 13,631,239 shares changed hands during trading, an increase of 190% from the previous session’s volume of 4,692,624 shares.The stock last traded at $4.00 and had previously closed at $3.81.

Several research firms recently commented on GNW. Zacks Investment Research lowered Genworth Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine lowered Genworth Financial from a “hold” rating to a “sell” rating in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.13.

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The firm has a market capitalization of $2.00 billion, a P/E ratio of 11.11 and a beta of 1.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.27 and a quick ratio of 0.27.

Genworth Financial (NYSE:GNW) last posted its earnings results on Tuesday, February 5th. The financial services provider reported ($0.58) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.84). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.11 billion. Genworth Financial had a return on equity of 1.23% and a net margin of 1.41%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. As a group, research analysts predict that Genworth Financial Inc will post 1.02 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its holdings in Genworth Financial by 29.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 21,000 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 4,750 shares during the period. Vanguard Group Inc. grew its holdings in Genworth Financial by 1.6% in the third quarter. Vanguard Group Inc. now owns 45,142,707 shares of the financial services provider’s stock valued at $188,245,000 after purchasing an additional 709,172 shares during the period. GAM Holding AG grew its holdings in Genworth Financial by 3.3% in the fourth quarter. GAM Holding AG now owns 215,117 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 6,863 shares during the period. Gabelli Funds LLC grew its holdings in Genworth Financial by 22.1% in the fourth quarter. Gabelli Funds LLC now owns 255,593 shares of the financial services provider’s stock valued at $1,191,000 after purchasing an additional 46,243 shares during the period. Finally, Newport Trust Co grew its holdings in Genworth Financial by 1.0% in the fourth quarter. Newport Trust Co now owns 2,653,565 shares of the financial services provider’s stock valued at $12,366,000 after purchasing an additional 27,463 shares during the period. 63.54% of the stock is currently owned by hedge funds and other institutional investors.

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